Statements of cash flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2022 |
Dec. 31, 2021 |
| Cash flows from operating activities |
|
|
| Net income (loss) for the year |
$ (82,470)
|
$ (197,994)
|
| Adjustment to reconcile net income (loss) for the year to net cash from operating activities |
|
|
| Net realized (gains) losses on redemptions and sales of gold bullion |
(324)
|
(6,945)
|
| Change in unrealized (gains) losses on gold bullion |
60,006
|
184,975
|
| Net changes in operating assets and liabilities |
|
|
| Increase (decrease) in accounts payable |
104
|
(146)
|
| Net cash provided by (used in) operating activities |
(22,684)
|
(20,110)
|
| Cash flows from investing activities |
|
|
| Purchases of gold bullion |
(806,723)
|
(324,190)
|
| Sales of gold bullion |
2,177
|
|
| Net cash provided by (used in) in investing activities |
(804,546)
|
(324,190)
|
| Cash flows from financing activities |
|
|
| Proceeds from issuance of Units (note 7) |
822,541
|
348,196
|
| Payments on redemption of Units (note 7) |
(185)
|
(414)
|
| Underwriting commissions and issue expenses |
(1,814)
|
(905)
|
| Net cash provided by (used in) financing activities |
820,542
|
346,877
|
| Net increase (decrease) in cash during the year |
(6,688)
|
2,577
|
| Cash at beginning of year |
6,982
|
4,405
|
| Cash at end of year |
$ 294
|
$ 6,982
|